Avanti Residential pays $159m for apartment complex in Denver

Denver-based Avanti Residential has announced the acquisition of Forum Fitzsimons, a 397-unit class A luxury apartment complex in Aurora, Colo., for $159 million. The purchase is part of Avanti’s ongoing nationwide investment strategy to expand its apartment holdings nationwide and brings the firm’s total acquisition volume to $630 million in the past year.

Forum Fitzsimons is a transportation-oriented mixed-use development that includes 28,202 square feet of retail space and a full amenity package to serve the lifestyle needs of today’s apartment resident.

Located at Interstate 225 and Colfax Avenue, the project was built in 2017 to meet the burgeoning workforce housing demand generated by the adjacent Fitzsimons Life Science District, the major employment center in the area with 44,600 employees.

“This investment fits squarely within our criteria of assembling a portfolio of high-quality multifamily assets that deliver a first-class apartment lifestyle